#DayTrading $NVDA with the #SimpleOptionsDayTrade Strategy” for another a 100% — 10/21/2024

They say buying options is a “fool’s game” and day trading options is impossible. So let’s say right off — they are wrong about that.

The Simple Option Strategy

TRADES are based on this simple day-trading strategy to be on the long side of the calls and puts for day trades; and referenced in this story — I told a guy how to make 100% day trading options and I doubt he believes me.

The open signal is clear and truly simple.

If the call options are above their open, buy the calls; if the put options are above their open, buy the puts.

That’s it, but use a stop-loss to control risk.

(These stock options trades are always long either the calls or the puts because the buy side is the cheapest trade, only the cost of the options.)

TODAY’S DAY TRADE (10/21)

Although I like SPY and QQQ, on days like today, or every day for that matter, maybe options traders should just focus on a stock like NVDA and not bother with anything else.

It has high volume, tight spreads, and swings both ways with some velocity.

Up or down, calls or puts, NVDA is bread and butter.